Greece Bailout Talks: Greece Does Not Need Debt Relief, German Finance Minister Says – International Business Times

Debt Help

Following a two-day meeting of eurozone finance ministers in Amsterdam, German Finance Minister Wolfgang Schäuble said Greece wont necessarily require an easing of its debt burden. Schäuble said this would apply if the International Monetary Fund and the Germany-led consortium of lenders determine that the countrys debt sustainability is ensured, Bloomberg reported Saturday. A countrys debt sustainability is…

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One of Scotland’s top insolvency experts’ firm goes bust leaving behind £20000 worth of debt – Scottish Daily Record

Bankruptcy

A HIGH-FLYING accountants firm has collapsed leaving behind debts to the taxman. Blin Holdings are going through liquidation after Her Majestys Revenue and Customs (HMRC) moved to have the business wound up in February. The company was led by Raymond Blin, one of Scotlands top insolvency experts. He left last year and claims two creditors…

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Valor Ideal liquidation ends with creditors out of pocket – Stuff.co.nz

Liquidation

The liquidation of a Uruguayan-owned property development company, that had investments in Palmerston North worth tens of millions of dollars, has left dozens of creditors out of pocket. Valor Ideal, a property company owned by Uruguayan investors Frederico and Ricky Chayman and managed by former Palmerston North businessman Paul Barris, was placed into liquidation in September 2013. Valor Ideal’s substantial property portfolio at the…

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Wall Street is winning big from a rebound in a grim business – Business Insider

Restructuring

Energy companies are feeling the pinch. Wall Street is getting ready to gorge. A precipitous decline in commodity prices, including the price of oil, in recent months means that flailing companies need to restructure their businesses. Lazard CEO Kenneth Jacobs on Friday said on a conference call Friday that his firms restructuring advisory business was…

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Ericsson announces corporate restructuring, refreshed management team with a focus on cloud, IT – FierceTelecom

Restructuring

Ericsson (NASDAQ: ERIC) announced a corporate restructuring that includes business units dedicated to the IT and cloud sectors, news that comes alongside a reshuffled management team and relatively sluggish first quarter results. Specifically, Ericsson said that it will break up its businesses into five new units, two of which will focus on IT and cloud…

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